|
is only
available in the SureFireThing MasterClass Manual.
Excerts
from the chapter:-
"...Day
trading is almost unique among activities in that it forces
us to make decisions frequently and rapidly, and then provides
feedback on those decisions almost immediately, but usually
in a form that is hard to understand. Even worse, that feedback
involves actual hard cash, a subject dear to most people's
hearts, so the lack of specifics simply adds to the anxiety
level. And most crucially of all, the decisions we make as
day traders have absolutely NO impact on external events....
Emotional
responses are usual, even to the extent of immediately trying
to place another day trade to 'win back' what the market has
'just stolen from us'. Needless to say, placing a day trade
emotionally like this is doomed to failure. This lack of objectivity
usually has only one outcome, the new trader starts to develop
an active fear of 'pulling the trigger', of actually placing
a day trade. The fear of 'getting it wrong', or of losing
capital, starts to greatly outweigh the desire to succeed..."
|
